With the international crude oil prices fell below 50 U.S. dollars a barrel, a record low of three and a half years. Yesterday the domestic futures market situation and therefore mutation, beans dropped, industrial experience, "looted", a large number of touch limit, the metal is likely to remain slack, and many analysts believe oil prices could continue to bottom.
Slump dragged down domestic crude oil futures markets
By the U.S. stock market and the crude oil market slump dragged down Thursday CBOT soybean futures market sharply lower. Yesterday the domestic market, the beans are there has been a significant drop in 0905 soybean contract fell 30 points, the 0905 soybean contract fell 101 points, oil was down 124 points. Soybean Tiaokongdikai yesterday's direct denial of the former 2 rebound, analysts speculated earlier confirmed the news but a short-term boost, rising just a flash in the pan.
"On the whole, domestic commodity price fluctuations of yesterday's big." Evidence of futures research department, said Wang Xiaoli, general manager. By the impact of crude oil overnight, opened yesterday in Shanghai fuel directly to the second bump, 7%, trading had not been opened, the 0902 oil contract closing price for 2159. Fuel oil and rubber closed at noon time limit, from time to be in Canada Impact of interest rate speculation, only to open limit. "Fuel is extended after the board Budie the next shock will be lower." Transit director of the Institute of Futures Lvguo Wen said.
The trend of industrial products in the future, Wang Xiaoli also maintain that vulnerable, but does not rule out the possibility of crude oil in the next 50 U.S. dollars / barrel again in the vicinity. Because of the need to become aware of the financial market crisis, liquidity, capital inflow to do more.
In addition to beans and industrial products, aluminum, zinc and copper have also dropped to a certain extent, especially copper broken 27,000, down 1,100 points yesterday among the species most at the end of all futures. Relative aluminum, zinc, copper has not fallen below the cost price of copper Lvguo Wen is expected to have some space down. Rui Zhao Kai futures analyst also believes that the copper is only now Budie, or some space. "Basically, in the near future may look to space-based, it is a better investment opportunities, especially for non-ferrous metals." Lvguo Wen said.
Likely to support oil prices in 40 U.S. dollars
Goldman Sachs is well known that the report has been issued, if the economy does not steady, in 2009 most of the time, crude oil is expected to average at around 50 U.S. dollars a barrel. The Deutsche Bank analysts in a note to clients said that with the decline in production costs and reduced demand, the price of crude oil in April next year may be reduced to 40 U.S. dollars a barrel. The report said that a large number of new and more efficient refining capacity has been put excess oil market is likely to mean more than the bank expected to lower the original.
As of 3:00 p.m. yesterday, the price of Brent crude oil for 48.08 U.S. dollars, from July's high of 147.27 U.S. dollars a barrel decline in nearly two-thirds. The report predicts that foreign oil prices, analysts believe that Zhao Kai, which demonstrated that the market is very pessimistic, but he also believes that the current interest rate rumors in the Asia-Pacific stock market so strong slight boost, fuel taxes on oil products seems to have a certain Support. "Foreign institutional forecasts is very flexible space that they are also very cautious, something they are not clear."
Futures Lvguo Wen Tien, director of the Institute is very clear that oil prices will be 40 U.S. dollars to seek some support. On the grounds that the financial crisis currently abroad, is slowly transmitted to the real economy, the current domestic situation is good, but the demand for crude oil next year will certainly be affected. Our reporter Liu Yang
Slump dragged down domestic crude oil futures markets
By the U.S. stock market and the crude oil market slump dragged down Thursday CBOT soybean futures market sharply lower. Yesterday the domestic market, the beans are there has been a significant drop in 0905 soybean contract fell 30 points, the 0905 soybean contract fell 101 points, oil was down 124 points. Soybean Tiaokongdikai yesterday's direct denial of the former 2 rebound, analysts speculated earlier confirmed the news but a short-term boost, rising just a flash in the pan.
"On the whole, domestic commodity price fluctuations of yesterday's big." Evidence of futures research department, said Wang Xiaoli, general manager. By the impact of crude oil overnight, opened yesterday in Shanghai fuel directly to the second bump, 7%, trading had not been opened, the 0902 oil contract closing price for 2159. Fuel oil and rubber closed at noon time limit, from time to be in Canada Impact of interest rate speculation, only to open limit. "Fuel is extended after the board Budie the next shock will be lower." Transit director of the Institute of Futures Lvguo Wen said.
The trend of industrial products in the future, Wang Xiaoli also maintain that vulnerable, but does not rule out the possibility of crude oil in the next 50 U.S. dollars / barrel again in the vicinity. Because of the need to become aware of the financial market crisis, liquidity, capital inflow to do more.
In addition to beans and industrial products, aluminum, zinc and copper have also dropped to a certain extent, especially copper broken 27,000, down 1,100 points yesterday among the species most at the end of all futures. Relative aluminum, zinc, copper has not fallen below the cost price of copper Lvguo Wen is expected to have some space down. Rui Zhao Kai futures analyst also believes that the copper is only now Budie, or some space. "Basically, in the near future may look to space-based, it is a better investment opportunities, especially for non-ferrous metals." Lvguo Wen said.
Likely to support oil prices in 40 U.S. dollars
Goldman Sachs is well known that the report has been issued, if the economy does not steady, in 2009 most of the time, crude oil is expected to average at around 50 U.S. dollars a barrel. The Deutsche Bank analysts in a note to clients said that with the decline in production costs and reduced demand, the price of crude oil in April next year may be reduced to 40 U.S. dollars a barrel. The report said that a large number of new and more efficient refining capacity has been put excess oil market is likely to mean more than the bank expected to lower the original.
As of 3:00 p.m. yesterday, the price of Brent crude oil for 48.08 U.S. dollars, from July's high of 147.27 U.S. dollars a barrel decline in nearly two-thirds. The report predicts that foreign oil prices, analysts believe that Zhao Kai, which demonstrated that the market is very pessimistic, but he also believes that the current interest rate rumors in the Asia-Pacific stock market so strong slight boost, fuel taxes on oil products seems to have a certain Support. "Foreign institutional forecasts is very flexible space that they are also very cautious, something they are not clear."
Futures Lvguo Wen Tien, director of the Institute is very clear that oil prices will be 40 U.S. dollars to seek some support. On the grounds that the financial crisis currently abroad, is slowly transmitted to the real economy, the current domestic situation is good, but the demand for crude oil next year will certainly be affected. Our reporter Liu Yang
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